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Posts by MSchapiro

Any response on the possibility of a synthetic or two for custom? 
That is a game with a very high downside risk. NBG isn't feasible at the current numbers if you look at their books. They could very well be structured in a way that wipes out equity holders. Not that I actually disagree with your decision. Just be aware. I once got burnt holding onto shares waiting for a 10% rebound and lost everything. Was a small position so didn't matter much, but still a good lesson.
I had a large share in GREK and sold 90% of it off for a 20% gain. Debating what to do with that last 10%. 
Damn, the oil decline is killing me too.    Just going to wait this one out.
Oh man. Europe had been keeping me in the black for a while when energy dipped down again... 
Sadly their shirts don't fit me. Really just want one or two for travel.
Although not to me I completely agree with your points here about being better in aggregate. In the past 30 years we've raised, what, a billion people out of poverty? America is eating a smaller piece of a bigger pie. To some degree equity owners have profited from that and your average person is better off in regards to their purchasing power, but it has also led to many of the things I described before about the decline of American manufacturing. Effectively we needed to...
IMHO one of the best pairs of black shoes I've ever seen. Excellent choice.
I would argue this is already happening, although not that it is fully expressed yet. Corporations make 90% of the profits in the USA, which I believe is partially due to how few people they employ relative to the revenue they can generate. Without some other kind of industry, what is the middle class suppose to do? I also know from some contract manufacturing that is has become 50x harder to get things made in the US. Prices tend to be high and quality isn't always that...
Yes. Your economy needs to be diversified. Germany has no shortage of services while the UK massively lacks much manufacturing.  In my mind much of the erosion of the middle class in the USA is due to the disappearance of manufacturing and related industries.  That isn't to say manufacturing is particularly special or has to be in a certain area, right now America is just really a service economy. It needs to add a second tier again. As per BP, I like it but at the moment...
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